KiwiSaver or KiwiSucker? A critical view

KiwiSaver represents a fundamental change to New Zealand’s retirement system, which now combines one of the most generous pensions in the world with a heavily subsidised saving scheme. It represents a major shift in how people allocate money over their lives.

It is a pointless and expensive straitjacket on the New Zealand economy. The incentives added last year have made the scheme expensive, distorting, regressive, unfair, unstable, and unsustainable.